1. AIG to Split Off Life Insurance and Retirement Unit, Names New CEO

    InvestmentNews BoardNews
    AIG to Split Off Life Insurance and Retirement Unit, Names New CEO

    American International Group Inc. named Peter Zaffino as its next chief executive and indicated that he’ll run a smaller and simpler company as AIG splits off its life insurance and retirement business...

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    1. AIG's executive management and board believe a simplified corporate structure will unlock significant value for shareholders and other stakeholders.
    2. After years of being poked, prodded and questioned, AIG is finally ready to pull the trigger and step back from its multiline strategy.
    3. We are grateful to Brian for his leadership and expertise in guiding the strategic repositioning of AIG's businesses as market leaders.

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